EcoSecurities says expanding Africa ops after firming up deals for CDM projects |
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Tue, 05 Jun 2007 15:43
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LONDON (Thomson Financial) - EcoSecurities Group PLC said it is expanding its operations in Africa after having firming up contracts since Jan to develop clean development mechanism (CDM) projects there, which have the potential to generate more than 12 mln carbon credits.This brings EcoSecurities total volume of its carbon credits portfolio to more than 15 mln. The company sources, develops and trades carbon credits from greenhouse gas emission reduction projects.It said in a statement that Africa has the potential to be an important supplier of emission reduction credits in the developing world, but is currently lagging behind India, China and South American nations.EcoSecurities said it had witnessed growing interest in developing CDM projects in East and West Africa, with over 7 mln carbon credits signed to date in these regions.It added that it has signed a co-operation agreement with Standard Bank to identify potential projects in a variety of sectors in the African continent.TFN.newsdesk@thomson.compmi/amCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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EcoSecurities says progress with certified emission reduction continues 